What are the requirements for VAT Accounting?

Globally VAT requirements are distinct in different countries in the world. These VAT regulations can be changed at any point of time and companies registered under VAT are ready to update these changes. Sometimes it become a challenge for companies to incorporate this changes in their system. Being a Tax Accredited Software (TAS) in UAE our functional experts are ready to steer you in all types of VAT concerns.rnOnce you are registered under VAT in UAE, you must file your periodic legal declarations monthly or quarterly to Federal Tax Authorities. It is a transparent summary of all transactions based on the business executed in specific period which contains VAT assent in all financial transactions. Each VAT return is distinct in nature and contains different information and provisions based on the type of business. Facts is well aware off these process and we know the complete guidelines and information’s for filing VAT returns in UAE. For filing return it requires solid knowledge of local tax legislation policies and procedures. Any discrepancies from these fundamental prerequisites will attract huge penalties. For avoiding these discrepancies, we have to keep all VAT invoices for a period of 5 years. FTA can ask these invoices for verification at any point of time. Facts Billbox is a wonderful solution for this. Being a TAS software we are also providing free consultancy for the same. Why Facts?rnFTA accredited softwarernCost effective rnCompletely customizablernBiggest team in Dubairn20+ years of experiencernMicrosoft Gold certified partner of the region.rnMicrosoft certified professionalsrnStrong knowledge in VAT filing processrnMore than 2000+ clients in Trading, Manufacturing and Contracting domainrnDedicated support team to address client’s concernsrnEasy to file VAT returns For any VAT related concerns, write us info@facts.ae or call: +971 4 3511377, +971 55 899 3902rn